Find Your Home!

Wednesday, November 10, 2010

Capron Trace in Viera Florida – Short Sales Dominate Market

While driving by to check one of my listings in Indigo Crossing in Viera I noticed a few real estate signs in the nearby gated Capron Trace community. Indigo Crossing, although not gated, is very similar in age and construction to the Capron Trace community.

Capron Trace is also similar to Indigo Crossing in that distressed properties (short sales and foreclosures) dominate the current market!

Most of the homes in Capron Trace were built in the 2005-2007 period and originally sold for some high prices (over $300,000!).

Currently there are three active short sales in Capron Trace (1,800 to 2,000 sq ft) priced between $169,000 and $199,000!

[Another in the same price range is under contract.]

Since June 30, 2010 there have been six short sales that closed in Capron Trace with selling prices between $170,000 and $189,000.